Homes for sale - 470 Spruce ST, Manchester, NH 03103

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Brenda Maggy

[email protected] +1(603) 531-3839

Listed by Savannah Levasseur • Keller Williams Realty-Metropolitan

$ 650,000

Est. payment -/mo

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Under Contract

470 Spruce ST Manchester, NH 03103

9 Beds

3 Baths

3,312 SqFt

UPDATED:

08/23/2024 06:01 PM

Key Details

Property Type Multi-Family

Listing Status Under Contract

Purchase Type For Sale

Square Footage 3,312 sqft

Price per Sqft $196

MLS Listing ID 4999294

Bedrooms 9

Full Baths 3

Construction Status Existing

Year Built 1910

Annual Tax Amount $7,749

Tax Year 2023

Lot Size 5,662 Sqft

Acres 0.13

Property Description

Welcome to 470 Spruce Street, a beautifully maintained 3-family home that represents a sound investment opportunity for those seeking a property that is already income-producing. This exceptional property features three spacious three-bedroom units, currently grossing a monthly income of $6,280, while the first floor unit is rented under value. Each unit is designed for comfort and practicality, making it highly attractive to tenants and ensuring consistent rental income. A standout feature of this property is the three-stall garage and additional parking, a rare and valuable amenity in the city that enhances its rental appeal. While the owner covers gas expenses, the overall property expenses are kept impressively low, maximizing net income and ensuring a strong return on investment. The well-maintained interiors and modern upgrades, including contemporary appliances and fresh paint, contribute to the property's desirability and tenant retention. Centrally located, 470 Spruce Street is conveniently close to schools, parks, shopping, dining, and major highways, offering easy access to all that Manchester has to offer. Whether you're a seasoned investor looking to expand your portfolio or a newcomer seeking a reliable income-generating property, this home offers both immediate returns and long-term growth potential. Don't miss out on this prime investment opportunity. Showings begin on Saturday, June 8th. 24 Hour notice required. OFFER DEADLINE 8PM 6/10. Thank you.

Location

State NH

County Nh-hillsborough

Area Nh-Hillsborough

Zoning Residential

Rooms

Basement Entrance Interior

Basement Bulkhead, Concrete Floor, Stairs - Interior, Unfinished, Interior Access, Exterior Access, Stairs - Basement

Interior

Heating Gas - Natural

Cooling None

Flooring Carpet, Hardwood, Laminate

Exterior

Garage Spaces 3.0

Garage Description Detached, Assigned, Driveway, Garage, Leased, Off Street, Parking Spaces 6+, Paved

Utilities Available Cable - Available

Roof Type Flat,Membrane,Rolled

Building

Story 3

Foundation Granite

Sewer Public

Construction Status Existing

Schools

Elementary Schools Henry Wilson School

Middle Schools Hillside Middle School

High Schools Central High School

School District Manchester Sch Dst Sau #37

Brenda Maggy

REALTOR® | Broker

+1(603) 531-3839

Brenda Maggy

470 Spruce ST Manchester, NH 03103

Key Details

Location

Rooms

Interior

Exterior

Building

Schools

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470 Spruce ST